Gold prices edged higher on Wednesday, while silver declined, as a softer dollar supported bullion amid growing investor optimism that the ongoing conflict involving Iran and the US-Israel bloc — which has unsettled global markets and driven a sharp surge in oil prices — may be nearing resolution.
On the Multi Commodity Exchange (MCX), gold futures for June delivery rose by about Rs 712 per 10 grams, or roughly 0.5%, to trade at Rs 1,51,473 per 10 grams. Contracts for August delivery also recorded gains of around 0.5% during morning trade.
In contrast, silver futures for May delivery slipped by approximately Rs 1,300 per kilogram, or over 0.5%, to Rs 2,39,604 per kg. July contracts also registered a decline of about 0.6%.
